Russia notified the World Trade Organization (WTO) of the possibility of retaliation against E.U. tariff quotas on steel imports, according to the WTO documents. The European Commission introduced up to three-year restrictions on imports of 26 categories of steel products on February 2, after the U.S. set up steel import duties. The measures consist of…Details
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In January-March Irkutsk region mined 3247.3 kg of ore gold, on par with the corresponding period of 2018. At present Polyus Verninskoye, Druza LLC, Vysochaishiy and its enterprise Ugakhan LLC are mining gold in the region. Polyus Verninskoye accounted for the most gold in Q1 – 1882.2 kg. Alluvial sites development will start in May.…Details
Severouralsky Bauxite Mine has put into operation the final, third stage of the Cheremukhovskaya-Glubokaya mine. Investments totaled 460 million rubles. And the overall expenses on the construction of the mine exceeded 7.9 billion rubles. The depth of the mineshaft is 1.5 km. The design speed of the mine cage is 11.73 meters per second, which…Details
In 2018 Russia procured 25.95 million tons of scrap, with the average price at 17.727 rubles per ton, up by 2,817 rubles YoY. As metal companies did not want to buy scrap at that price, exports in December 2018 increased. Because of the increase of the domestic prices, some metal companies are lobbying the imposition…Details
Ferrexpo AG, owning 99.11% of Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine, intends to use squeeze-out from minority shareholders. At present Ferrexpo AG owns 189.313 million ordinary shares. (Ukrainian metal)Details
The campaign for repair of blasts furnaces has begun at ArcelorMittal Kriviy Rih. The main scope of repairs will be performed in the first half of the year. Category 3 intensive capital repair of the blast furnace No. 6 has begun. It will last for six days. Here charging equipment and main hoist skips will…Details
The state enterprise Yuzhnodonbasskoye Mine Group No. 1 has concluded an agreement with the power-generating company Ukrenergougol LLC on the delivery of electricity valued at 106 million UAH until the end of the year. This year a number of objects in the town of Ugledar (Donetsk region) and the recreation center in Berdyansk (Zaporozhye region)…Details
In April 1, the employees of the Rodinskaya mine of the state enterprise Mirnogradugol refused to go underground. For three months they have not been receiving salary in full and intend to strike until the debt is cleared. “The mine is in the restructuring process at the moment. We owed 2.59 million UAH to the…Details
ZEMZ has rolled a 08X18H10T steel strip with the size of 45×530 mm. Previously the company only manufactured the strip with the size of 73×350 mm. Rolling takes 10 days, while forging lasts for 2 months. The first batch of strips will soon be shipped to Asha Iron and Steel Works. (Ukrainian metal)Details
The architecture, city building and prospective development agency of the Kaliningrad region has allowed creating a small enterprise to produce copper wire rod in the city of Ozersk. A 1-2-storey building with the size of 516 square meters will be constructed. The Baltkat LLC will construct the plant. (Ukrainian metal)Details
In 2018 Electrozinc received 85.4 billion rubles of net losses as opposed to 197.7 million rubles of net profit in 2017. At the same time in 2015 and 2016 the works also saw losses – 895 million rubles and 9 million rubles respectively. Revenue last year dropped by 8% YoY, to 4.54 billion rubles. Sales…Details
In 2018 Revda Non-Ferrous Metals Processing Works received 170.3 million rubles of net losses, up from 10.8 million rubles in 2017. The company revenue grew by 1%, to 3.47 billion rubles. Sales profit was negative, with losses at 28 million rubles, as opposed to the profit of 50 million rubles in 2017. (Ukrainian metal)Details